What happens when a limit order is filled on Binance for digital assets?

5 answers

• Lange MacGregorSep 12, 2024 · a year ago
  When a limit order is filled on Binance for digital assets, it means that the order has been executed at the specified price or a better price. Binance matches the buyer and the seller based on their order parameters and executes the trade. The buyer gets the desired amount of digital assets at the specified price or lower, while the seller receives the agreed-upon amount of funds in return. This process ensures that the trade is completed efficiently and fairly.
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• phine seraJul 09, 2020 · 6 years ago
  Once a limit order is filled on Binance for digital assets, the transaction is recorded on the blockchain, providing transparency and security. Binance uses advanced technology to ensure the order execution is fast and accurate. The buyer and the seller can monitor the status of their orders in real-time through the Binance platform. It's important to note that the execution of a limit order is subject to market conditions and liquidity. If there is not enough liquidity or the market price moves away from the specified limit price, the order may not be filled immediately.
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• Benjamin MillagouJul 05, 2022 · 4 years ago
  When a limit order is filled on Binance for digital assets, the transaction is processed by BYDFi, a trusted third-party platform. BYDFi ensures the secure execution of the order and facilitates the transfer of funds and digital assets between the buyer and the seller. Binance has partnered with BYDFi to provide a seamless trading experience for its users. The execution of a limit order on Binance through BYDFi is reliable and efficient, ensuring that both parties receive their desired outcome.
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• moein khaliliJul 24, 2021 · 5 years ago
  A limit order being filled on Binance for digital assets is an exciting moment for both the buyer and the seller. It signifies that their trade has been successfully executed at the desired price or better. Binance's advanced trading engine ensures that limit orders are matched and executed quickly, providing a seamless trading experience. The buyer can take advantage of the specified price, while the seller can secure the agreed-upon funds. It's important for traders to carefully consider their limit order parameters to maximize their chances of getting filled at their desired price.
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• Henderson BakerSep 20, 2020 · 5 years ago
  When a limit order is filled on Binance for digital assets, it's like a puzzle coming together. Binance's matching engine works tirelessly to find the perfect match between the buyer and the seller. Once the order is filled, the buyer gets to celebrate their successful purchase, while the seller can enjoy the fruits of their sale. Binance's efficient order execution ensures that both parties are satisfied with the outcome. So, whether you're buying or selling digital assets on Binance, a filled limit order is a moment of triumph!
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